Recent Articles of Peter Andrew
After months on end with virtually no movement in mortgage rates, there is finally the tiniest bit of excitement. But you'll hardly notice your adrenaline pumping -- the last time they were this high was all of five weeks ago.
There's been very little movement in average mortgage rates again this week, with the most important one, that for 30-year fixed-rate mortgages, moving down by just one basis point (0.01 percent) to match its 15-month low.
With just tiny shifts this week, average rates for fixed-rate mortgages effectively remained unchanged -- at very low levels.
The average rate for the key 30-year fixed-rate mortgage fell to its lowest level in 14 months this week, spurring into action those wishing to refinance.
In another quiet week for rates, those for fixed-rate mortgages inched down, while those for some adjustable-rate ones went up slightly.